EU frames energy windfall tax as “solidarity contribution”
EU explores electricity demand reduction at peak hours
Diesel additives are in short supply in Germany ($BBG)
Europe needs more diesel fuel exports from China
Renewable energy jobs set to increase rapidly
U.S. railroads prepare for imminent strike ($WSJ)
China reports cyberattack by United States (trans.)
U.S. Northeast distillate inventories very low
NORTHWEST EUROPE’s benchmark gas futures contract for deliveries in January 2023, the heart of next winter, has fallen to less than €200 per megawatt-hour from a peak of €345 in late August. Higher inventories in seasonal storage have reduced the probability about stocks running out. Plans for significant voluntary and mandatory reductions in gas and electricity consumption and the increasing probability of a region-wide recession will also lessen the pressure on stocks in the event gas supplies from Russia are disrupted:
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